Soil has launched what it calls the first compliant real-world asset-backed yield protocol on the XRP Ledger, adding onchain returns to Ripple’s RLUSD stablecoin just as XRPL pulls ahead of Solana in tokenized asset value.
Developed by ORQO Group, Soil enables holders of RLUSD — Ripple’s U.S. dollar-pegged stablecoin — to deposit tokens into onchain vaults on XRPL that generate fixed returns backed by instruments including private credit, tokenized Treasuries, and market-neutral hedging strategies.
The company said its first $1 million in asset pools was filled in under 72 hours, highlighting demand for regulated yield products within the XRPL ecosystem. Future pools are expected in the coming weeks, according to details the team shared with The Block.
“The stablecoin market’s transition toward a multi-trillion-dollar ecosystem requires the right infrastructure to deliver institutional-grade yield at scale,” Nick Motz, CEO of ORQO Group and CIO of Soil, said.
By introducing yield vaults for RLUSD, Soil shifts the token’s role beyond payments and settlement. Stablecoins are digital tokens designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.
ORQO Group, which manages roughly $300 million in assets and holds regulatory licenses in Poland and Malta, said its expansion to XRPL builds on deployments across Ethereum-compatible networks, including Polygon, BNB Chain, and Arbitrum. The firm is establishing its global headquarters in Abu Dhabi.
XRPL expansion
Tokenization refers to representing traditional assets — such as government bonds or corporate debt — as digital tokens on a blockchain, allowing onchain settlement and secondary trading. The real-world asset, or RWA, segment has become one of the fastest-growing areas of crypto, and is projected to reach $2 trillion by 2028.
Soil’s rollout comes after XRP Ledger surpassed Solana in distributed real-world asset value last week, according to data from RWA.xyz, tightening competition among blockchains vying to host tokenized Treasuries, private credit, and other offchain financial instruments.
The XRP Ledger, launched in 2012, is a public blockchain originally designed for cross-border payments and foreign exchange settlement. In recent months, it has rolled out features aimed at regulated finance.
This week, XRPL activated a “permissioned DEX” amendment allowing institutions to create gated onchain trading venues restricted to approved participants. Ripple has also partnered with Aviva Investors to explore tokenizing traditional fund structures on the ledger, while RippleX engineers have discussed potential design updates, including native staking mechanisms, as part of XRPL’s long-term roadmap.
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